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Schmidt Mortgage Company Blog

Cleveland, Dayton Among Top Cities For Owning Over Renting

According to an article published in National Mortgage News, the trend of owning a homeownership being a cheaper option than renting is starting to change. Attom Data Solutions, the company who conducted the study, found homeownership was more affordable than renting in 54% of the top 447 US cities, down from 66% a year ago. The 14 most populated counties, and in 30 of 39 counties with a population at or above 1 million, renting is more affordable than buying a home. “Although buying is still more affordable than renting in the majority of U.S. housing markets, that majority is

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Make 2018 The Year You Get In Financial Shape

This time of year, a lot of people are making New Year’s resolutions to get in shape, spend more time with their kids, travel or go back to school. These resolutions are great for improving physical, emotional or spiritual wellbeing. But there’s one aspect of life that many people forget about when it comes to self-improvement–their financial wellbeing. Why is financial wellbeing important? We know that money isn’t everything, and while it may not buy happiness, it can provide options. Without financial stability, good credit and a savings plan, it can be much more difficult to accomplish important goals in

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Top 5 Reasons You Shouldn’t “For Sale By Owner”

In today’s market, with home prices rising and a lack of inventory, some homeowners may consider trying to sell their home on their own, known in the industry as a For Sale by Owner (FSBO). There are several reasons why this might not be a good idea for the vast majority of sellers. Here are the top five reasons: 1. Exposure to Prospective Buyers Recent studies have shown that 95% of buyers search online for a home. That is in comparison to only 17% looking at print newspaper ads. Most real estate agents have an internet strategy to promote the sale of your home.

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1953 Englewood Ave.
Akron, OH 44312
Phone: (330) 798-4677
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Rocky River

20545 Center Ridge Road
Suite 250
Rocky River, OH 44116
Phone: (440) 356-3242
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35104 Euclid Ave.
Suite 202
Willoughby, OH 44094
Phone: (440) 953-0447
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